LONDON Homme Supreme x Nike Air Max 98 Foncé Bleu Blanche Pas Cher , July 15 (Xinhua) -- China's 7.0 percent gross domestic product (GDP) year-on-year (yoy) growth in the second quarter is better than the going market predictions, suggesting that it is on track for around 7.0 percent GDP growth for all of 2015, economists said here.

China's economy posted seven percent growth yoy last quarter, unchanged from the pace in the first quarter, China's National Bureau of Statistics (NBS) announced Wednesday.

Two reasons contribute to the stronger growth, Pritchard said: "The first, and most widely overlooked, is the impact of surging stock market turnover on brokerage activity, which is counted as part of the service sector. The second reason is the growing evidence of a recovery in the wider economy".

He added: "With the drag from the structural slowdown in property and heavy industry now easing, we think that growth is on track to slow only gradually over the course of the next few years."

Both the GDP growth and June economic activity data were largely above consensus, driven by faster growth in the services sector Homme Supreme x Nike Air Max 98 Army Vert Pas Cher , infrastructure investment, and property sales, said HSBC's global research team.

Official data showed that China's industrial output in June expanded at 6.8 percent yoy, up from 6.1 percent in May; fixed asset investment grew by 11.4 percent during the first half of the year; and retail sales growth also strengthened in both real and nominal terms last month.

The largest driver appears to be the services sector. The GDP breakdown suggests that the services sector grew 8.4 percent yoy in the second quarter (Q2), up from 7.9 percent in Q1, said HSBC.